TREASURIES-Yields rise as risk sentiment improves
May 28, 2020 at 09:56 AM EDT
U.S. Treasury yields rose on Thursday as stocks gained, reducing demand for safe haven bonds, and before the Treasury will sell a record large amount of seven-year notes. Stocks opened higher as risk sentiment improved. “It’s an extension of some of the risk-on tone that we’ve seen lately,” said Zach Griffiths, an interest rate strategist at Wells Fargo in Charlotte, North Carolina. Benchmark 10-year notes rose two basis points t